Best Tax Attorneys in Sunnyvale

FAQs

• Where does the Tax Court hold trial sessions closest to Sunnyvale, California?

  The Federal Building & U.S. Courthouse, Rooms 2-1408, is the closest to Sunnyvale. It is situated at 450 Golden Gate Avenue, San Francisco, CA, 94102.

• Where is the low-income taxpayer clinic that is closest to Sunnyvale, California?

  The low-income taxpayer clinic that is nearest to Sunnyvale is UC Law San Francisco, located along 200 McAllister Street in San Francisco.

• If you live in Sunnyvale and inherited a certain amount from a family member who lives abroad, do you have to disclose to the IRS the money you received?

  It varies. If you don't tell the IRS about an inheritance you acquired in Sunnyvale that is valued at least $100,000, there could be serious financial consequences. It might be advantageous to discuss your circumstances during an appointment with a Sunnyvale tax attorney if you receive overseas revenue from employment, inheritance, real estate rental income, or investments so they can guide you on how to report it and prevent you from getting tangled up with the IRS.

• Can the IRS pursue you personally if your Sunnyvale business owes payroll taxes?

  Yes, the IRS will go after you personally if your Sunnyvale business owes payroll taxes, in order to promote the timely payment of withholding salary and wage taxes. If the IRS determines that you willfully failed to pay payroll taxes, they will pursue collection actions against you. Even if your company is no longer operating, this fine may still be imposed.

• When must a Sunnyvale bank transfer funds to the IRS once an IRS levy has been made?

  Sunnyvale banks have 21 days to transfer money to the IRS from the day the levy has been made. This gives the taxpayer time to sort out any tax issues or disagreements about who owns the money in these accounts. Only banks are subject to the 21-day rule. Other parties with access to your cash must release the amount within the levy's specified time frame.

• What is the time limit of the IRS in collecting unpaid taxes in Sunnyvale?

  The IRS has ten years in Sunnyvale following the assessment date to collect any unpaid taxes. However, this time limit may be extended because of an offer in compromise, a bankruptcy, a waiver, a journey outside the country, a legal action brought by the IRS to force payment, a request for collection due process conference, and the submission of a request for a taxpayer assistance order to the IRS Taxpayer Advocate's Office.

• How soon can you have your Sunnyvale tax lien removed?

  The government can usually eliminate your tax lien in Sunnyvale within a period of 24 to 48 hours, based on the sum of money you owe, your credit history, and the remedy you have agreed to comply with. However, before they release their lien on your property, the authorities will need you to get back into compliance with them. This process could take a few days or weeks to complete.